Question

Darius Company’s year-end unadjusted trial balance shows accounts receivable of $95,000, allowance for doubtful accounts of $550 (credit), and sales of $350,000. Uncollectibles are estimated to be 1.5% of accounts receivable.
1. Prepare the December 31 year-end adjusting entry for uncollectibles.
2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $150?


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  • CreatedMarch 18, 2015
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